Federal Estate & Gift Tax Tables

2018

ANNUAL GIFT TAX EXCLUSION
$15,000 per donee

 

ESTATE TAX APPLICABLE EXCLUSION AMOUNT3/LIFETIME GIFT TAX APPLICABLE EXCLUSION3/GST EXEMPTION AMOUNT2
$11,180,000

 

ANNUAL EXCLUSION OF A NONCITIZEN SPOUSE
$152,000

 

TAXABLE ESTATE RATE
$0 – $10,000 18%
$10,001 – $20,000 20%
$20,001 – $40,000 22%
$40,001 – $60,000 24%
$60,001 – $80,000 26%
$80,001 – $100,000 28%
$100,001 – $150,000 30%
$150,001 – $250,000 32%
$250,001 – $500,000 34%
$500,001 – $750,000 37%
$750,001 – $1,000,000 39%
$1,000,001 + 40%

 

2Surtax applies to the lesser of (1) undistributed net investment income or (2) the excess of adjusted gross income over $12,500
3After 2025, reverts to $5,000,000 basic exclusion amount provided in section 2010(c)(3) of the Internal Revenue Code, indexed for inflation occurring after 2011

 

2017

Annual Gift Tax Exclusion
$14,000
Estate Tax/Lifetime Gift/GST Exemption
2017 $5,490,000 – 40% top tax rate
Taxable Estate Tax Rate
$0 – $10,000 18%
$10,001 – $20,000 20%
$20,001 – $40,000 22%
$40,001 – $60,000 24%
$60,001 – $80,000 26%
$80,001 – $100,000 28%
$100,001 – $150,000 30%
$150,001 – $250,000 32%
$250,001 – $500,000 34%
$500,001 – $750,000 37%
$750,001 – $1,000,000 39%
$1,000,001 + 40%

 

The information presented here is not intended to be a comprehensive analysis. Cherry Bekaert Benefits Consulting is a benefits advisory firm and does not provide tax or legal advice. Individuals or Employers should consult with qualified legal and/or tax counsel for guidance in respect of matters of law, tax and related regulation.

Cherry Bekaert Benefits Consulting, LLC is a Chernoff Diamond Affiliate. Chernoff Diamond & Co., LLC is a Managing Member of Cherry Bekaert Benefits Consulting. Chernoff Diamond & Co., LLC offers Investment Advisory Services through M Holdings Securities, Inc., A Registered Broker/Dealer, Member FINRA/SIPC. Check the background of this Firm and/or investment professional on FINRA's BrokerCheck. Chernoff Diamond & Co., LLC is independently owned and operated. Chernoff Diamond & Co., LLC, is a member of M Financial Group. Please visit mfin.com/DisclosureStatement.htm for further details involving this relationship.

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